Industry experts attending the '6th Sugar Asia 2014 have said that being the 2nd largest producer of sugar in the world, India provides best investment destination in areas of engineering, technology and farming sector, reported PTI.

"In a positive move, the Central government has allowed mills to sell their complete sugar produce in open market without any restraint. This step has been awaited from past many decades. This has opened the paths for mergers, acquisitions and new mills erection," a statement issued by the organisers said.

The two-day event showcases various equipment and technology, used in production of sugar, and in allied industries like ethanol, distilleries, bio-energy and cane farming, on display, said PTI news report.